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House Of Control Group AS (STU:HOG) Interest Coverage : 0 (At Loss) (As of Sep. 2022)


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What is House Of Control Group AS Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. House Of Control Group AS's Operating Income for the three months ended in Sep. 2022 was €-0.64 Mil. House Of Control Group AS's Interest Expense for the three months ended in Sep. 2022 was €-0.63 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for House Of Control Group AS's Interest Coverage or its related term are showing as below:


STU:HOG's Interest Coverage is not ranked *
in the Software industry.
Industry Median: 29.35
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


House Of Control Group AS Interest Coverage Historical Data

The historical data trend for House Of Control Group AS's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

House Of Control Group AS Interest Coverage Chart

House Of Control Group AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
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House Of Control Group AS Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of House Of Control Group AS's Interest Coverage

For the Software - Application subindustry, House Of Control Group AS's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


House Of Control Group AS's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, House Of Control Group AS's Interest Coverage distribution charts can be found below:

* The bar in red indicates where House Of Control Group AS's Interest Coverage falls into.



House Of Control Group AS Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

House Of Control Group AS's Interest Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, House Of Control Group AS's Interest Expense was €-1.52 Mil. Its Operating Income was €-7.40 Mil. And its Long-Term Debt & Capital Lease Obligation was €11.01 Mil.

House Of Control Group AS did not have earnings to cover the interest expense.

House Of Control Group AS's Interest Coverage for the quarter that ended in Sep. 2022 is calculated as

Here, for the three months ended in Sep. 2022, House Of Control Group AS's Interest Expense was €-0.63 Mil. Its Operating Income was €-0.64 Mil. And its Long-Term Debt & Capital Lease Obligation was €11.78 Mil.

House Of Control Group AS did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.


House Of Control Group AS  (STU:HOG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


House Of Control Group AS Interest Coverage Related Terms

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House Of Control Group AS (STU:HOG) Business Description

Traded in Other Exchanges
N/A
Address
O.H. Bangs vei 70, Hovik, NOR, 1363
House Of Control Group AS provides software solutions. The company develops and sells software as a service (SaaS) solutions. The solutions include Complete Control, which is used for managing contracts and assets, including the contracts' financial implications for accounting, budgeting and reporting. Also, the company provides SaaS applications for the users of IFS, an Enterprise Resource Planning system. The solutions are mainly focused on purchasing processes, supplier and B2B customer communications, and travel, time and expense management.